Cart Vader Is a New Business Venture Aimed Toward Selling

question 94

Multiple Choice

Cart Vader is a new business venture aimed toward selling golf carts to be used as neighborhood recreational vehicles.The new Cart Vader business owner is uncertain about what price to charge for the golf carts.After consulting with multiple sources,the owner has decided to set a high sticker price,but to allow potential buyers to negotiate down to their individual reservation price.The business owner is attempting to practice

• A) reservation price discrimination.
• B) perfect price maximization.
• C) potential price segmentation.
• D) perfect price discrimination.
• E) consumer price preservation.

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Definitions:

Promotion

The advancement of an employee to a position of higher responsibility and pay within an organization.

Switchblade

A type of knife with a folding or sliding blade contained in the handle which is opened by a spring when a button or lever on the grip is pressed.

Frequency Rate

A metric often used in health and safety to quantify the number of accidents or incidents within a given period relative to the total number of hours worked.

Work-Related Injuries

Injuries or illnesses that occur as a result of actions undertaken in the performance of a job or while on the job.